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Newlands Drive, Hamilton 3 bed ground floor flat for sale
Newlands Drive, Hamilton ML3
£87,000
Newlands Drive, Hamilton ML3
£87,000
Our Summary
- This spacious 3-bedroom ground floor flat is located on Newlands Drive in the popular town of Hamilton and presents a prime investment opportunity with tenant in situ
- With some upgrades and improvements, the market rental potential could increase to approximately £8,750 per annum
Description
This 3-bedroom ground floor flat in Hamilton presents a prime investment opportunity with a tenant in situ, generating a gross annual income of £7,800. The property offers comfortable living with three spacious bedrooms, a bright kitchen, and a family bathroom with bath and separate shower cubicle. The large walk-in cupboard in the hallway provides additional storage. With some upgrades, the market rental potential could increase to approximately £8,750 per annum. The existing tenants have a long-term agreement and have expressed a desire to stay, providing a reliable income stream. The property is located in a well-established residential area with easy access to local amenities, transport links, and the M74 motorway, making it an attractive location for tenants.